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PolyMet Mining Corp. (POM.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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3.9400-0.3000 (-7.08%)
At close: 03:54PM EDT

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  • J
    James C
    This is a stock that, in the not-too-distant future, you will have wished you had bought at current prices. I just ensured that I won't be one of those people.
  • R
    RealMcCoy
    As part of the IRA, Brandon and company have agreed to revise the mining permit approval process by year end.
  • J
    Jan
    really going through the money 💰. Dilution ahead? Sure like the projects but is it too early to buy in?
  • D
    Drew C.
    Teck news is very positive for PLM, though they still need permitting. Hey Brandon - come on, man!
  • P
    Portland
    In 2026, the Eagle Mine in Michigan, the only nickel mine in the US, will be exhausted. Will the government become fully dependent on other countries for its nickel or will they allow PolyMet to succeed? 100% of US nickel comes from the Eagle Mine. No other site can replace it except PolyMet in Minnesota.
  • F
    Frank
    Excellent news; could not be better
  • j
    jonyjoy
    plm should be $10 by now
  • M
    Mike
    Stock acting well. Permits coming???
  • s
    steve
    As long as brandon is in office or any dem this comany will never mine.
  • S
    Steve 251
    Just another pump and dump session, tomorrow down .40.
  • J
    John
    how about klobashar
  • m
    michael
    Not real new news but something to follow. Sad that Kim Jung Walz, "fight like hell" tina and two faced klobuchar will not even respond to my letters asking if they support or don't support this project!! https://www.valleynewslive.com/2022/01/11/tesla-makes-deal-with-proposed-mining-project-aitkin-county/
  • j
    jonyjoy
    the news not out yet
  • A
    Arthur
    Let the games begin. Huge that the DNR has joined the appeal.

    Minnesota agency asks for reversal of ruling against PolyMet mine
    Feb. 12, 2020 8:02 PM ET|About: PolyMet Mining Corp. (PLM)|By: Carl Surran, SA News Editor
    Minnesota's Department of Natural Resources has asked the state Supreme Court to overturn a lower court decision that rejected three critical permits for PolyMet's (NYSEMKT:PLM) proposed NorthMet copper-nickel mine.

    Calling last month's decision by the Minnesota Court of Appeals "a significant departure from the DNR's long-standing application of state mining law," the agency says the ruling could affect future mining proposals, the state's currently operating iron mines and other state permit decisions.

    The Court of Appeals ruled the DNR erred when it declined to order a contested case hearing before an administrative law judge to gather more information on the mine's potential environmental impacts, so it sent PolyMet's permits back to the agency with an order to hold the potentially lengthy proceeding.
  • f
    freebird
    Captain, here is my take on the area in northern MN where this mine is:

    PLM has a massive mine they bought in 2005 from Cliffs, TECK also was in on the bidding at that time, PLM won out. 50 million of the debt PLM has is from this transaction,PLM had to acquire the legacy issues that went with the mine, basically water monitoring on the property. This mine once crushed 100,000 tons per day ore, iron ore. It has the capability of doing this again. PLM has only been approved for 32,000 tpd ore at this time. they will need to go back to the state for further permitting of more ore. The environmental permitting process has been well laid out now. It just took 14 years. The next permitting will be for the remainder of this deposit, eventually, with less time to accomplish the process. Go study the drilling that is taking place in MN, Anglo Gold Ashanti TECK and a few others are seriously drilling many different deposits. Go to the Minnesota DNR web site. As far as the future, it is a bit exciting, (if you can weed through the daily chatter here) TECK went to the local City of Babbitt, MN late last year and basically said we are still alive! That is the local authority for TECK. Go find the maps. Their deposit, as well as Wetlegs and Wymann Creek are just a few miles of railway installation apart. Other deposits are near Cloquet, MN. Every State mines something, it is one major way the governments obtain taxes. TECK will either buy PLM or pay to have their deposit processed into a concentrate. The CEO, Mr Cherry, led the entire process in Michigan to get the Eagle mine up and running. PLM has the right man for the job. PLM has a fully permitted mine, with a mine plan put together by BARR Engineering at the helm, world known engineers. The Eagle mine was sold after they went through the same process PLM just did. Add and subtract all you want, there is value in this mine, and it is more that the share price today.! IMHO
  • S
    Stocks And Scotch
    Startribune regaurding Polymet permits:

    Strommen said she has no plans to revisit permitting decisions, saying she trusts the DNR’s process as “robust” and based on science as well as the law.

    Mining companies and associations welcomed Strommen’s appointment, saying they know her to be competent and trust her to be objective.

    Brad Moore, an executive vice president at PolyMet, said he has known and worked with Strommen for years and that she has always been “fair and thoughtful.”

    Frank Ongaro, executive director of Mining Minnesota, said both she and the governor have made it clear that they will follow the appropriate processes to review mining proposals.

    “Everything I’ve seen from her is she’s a quality person and a solid appointment by the governor,” Ongaro said.